The process of buying and selling Real Estate in Vancouver continues to get more complicated each year. The COVID-19 pandemic will make things even more complicated and will forever change how we sell and market properties.

This is the 3rd video I have done on the dramatic rise in insurance rates that lower mainland strata’s have been facing. I also discuss a recent sale I saw in the Vancouver House and the sharp price drops I’ve see on a few units.

The power of leverage in buying your principal residence or an investment property should never be underestimated. Leverage is the way wealth is created. A simple example would be when you buy your principal residence for $100K and a 10% downpayment. If the property appreciates to $110K in 18 months many people would look at that and assume you made a 10% return when actually you have made a 100% return.

Many of my long term subscribers are well on their way or have already achieved a fair bit of financial freedom. For you - consider this more positive affirmation that you're on the right track and to simply stay the course. For the rest of you - I’m going to give you the roadmap of what you're going to need to do in order to become a multi-millionaire if that’s a goal you want to pursue. The formula and advice I’m going to give you here has been around for decades and it’s 100% guaranteed to work IF you apply yourself, work hard, stay committed and discipled for the next 20 years.

I just finished uploading this House for sale, 2056 GRANT STREET, Vancouver East, BCBeautiful, craftsman style home with separate suite near Commercial Drive, remodelled from top to bottom. Located on a highly desirable, quiet, tree-lined street. Features bright, open main floor with 2 beds, sunny dining area, & south facing large covered deck. The lower level has a spacious 2 bed suite with sunny solarium, separate laundry & own entrance - making for a highly desirable mortgage helper or extended family living! Large private landscaped yard, covered carport with rolling steel gate, & garage. Updates include: new roof, driveway, closets, lighting, sewer line, deck, bathrooms, laundry, baseboard electric heat, hot water tank. A home lik ...

In this vlog I talk about people making predictions both in Vancouver Real Estate and the stock market and how you need to be careful on taking their advice. When considering a stock or ETF for your portfolio you have to consider suitability. In other words a stock that might be perfect for a 23 yr old might not be ideal for a 65 yr old.

The official stats for May 2020 were just released by the Vancouver Real Estate Board. May sales numbers were up substantially from April as we start to come out of the COVID-19 lockdown . Prices are also up slightly from this time last year. Sales are still well below our levels from May 2019 but listings were also down by almost the same percentage.

There are very few advantages a small retail investor has over the professional money managers of Wall St. The main advantage is to simply buy high quality dividend paying and growing companies with strong balance sheets and cash flows and then sit on your hands! Buy & Hold and keep these amazing American companies for decades at a time. Or buy a low cost index ETF like a Vanguard Dividend Appreciation fund (VIG). In Real Estate buying and holding is even more of an advantage because of the high transaction costs involved in buying and selling Real Estate.

Wanted to give you an update on the current situation in the Vancouver rental market. So far monthly rates on unfurnished 1 bedroom units are holding firm. However furnished rental rates are down 10%. I just placed a new tenant in one of my Mt Pleasant units for June 1. Call and viewing interest was down by over 50% from the last time I was looking for a tenant. This was to be expected since the city is still in a state of emergency and many businesses are still closed. I would expect the activity level in the rental market to slowly get back to more normal levels as we move into Summer.

I just finished uploading this Apartment/Condo for sale, 1202 1060 ALBERNI STREET Vancouver West, Vancouver West, BCThe Carlyle is located in the heart of the best of Downtown Vancouver, with world class shopping & restaurants just steps away. The building features hotel style amenities including an indoor lap pool, hot tub, sauna, outdoor terrace with lounge & bbq area, fully equipped exercise centre and meeting room. Large 1 bedroom CORNER units such as this one are hard to come by, with high ceilings, plenty of windows throughout and an open concept layout. Gorgeous city views can be seen from the private covered balcony which can be used year-round. Makes for an excellent investment in a highly desirable area or personal enjoyment ...